This property looks like a bad Mid-Term investment with a projected -12.53% first-year return on $141k initial cash invested.
-12.53%
Cash On Cash
3.42%
Cap Rate
0.55
DSCR
$3,092
Rent
-$1,471
Cashflow
Cash Flow
$3,092 income − $4,563 expenses = $1,471 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,849
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,092
Total Expenses
$4,563
Mortgage P&I
98%
$3,015
Property Taxes
9%
$291
Home Insurance
7%
$205
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340